Adamis Pharmaceuticals Corp. (NASDAQ:ADMP) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $2.55 and last traded at $2.63, with a volume of 189,346 shares. The stock had previously closed at $2.65.

Separately, Maxim Group reaffirmed a “buy” rating on shares of Adamis Pharmaceuticals Corp. in a research report on Tuesday, May 10th.

The firm’s 50 day moving average price is $2.90 and its 200 day moving average price is $5.37. The stock’s market capitalization is $39.21 million.

Adamis Pharmaceuticals Corporation is a pharmaceutical company. The Company is engaged in the development of its specialty pharmaceutical products. The Company is developing various products in the allergy and respiratory markets, including a dry powder inhaler technology that it acquired from 3M Company (3M).

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